New Delhi: The players’ auction for the next Indian Premier League (IPL) will be held at Kolkata for the first time, on 19 December.
The trading window that is currently open will close 14 November, and all the franchises were informed about it on Monday. While the franchises were allotted Rs 82 crore each for the IPL 2019, Rs 85 crore have been allocated for the 2020 season.
Every franchise will also have an additional purse of three crore in addition to the balance in their kitties from the last auction. Delhi Capitals have the biggest balance — Rs 8.2 crore, followed by Rajasthan Royals at Rs 7.15 crore and Kolkata Knight Riders at Rs 6.05 crore. This year’s auction is the last one before the franchises disband next year and prepare to assemble fresh squads from 2021 at a mega auction. The glitzy event usually runs between April and May every year.
Funds left with franchises ahead of IPL 2020 auction: Chennai Super Kings – Rs 3.2 crore, Delhi Capitals – Rs 8.2 crore, Kings XI Punjab – Rs 3.7 crore, Kolkata Knight Riders – Rs 6.05 crore, Mumbai Indians – Rs 3.55 crore, Rajasthan Royals – Rs 7.15 crore, Royal Challengers Bangalore – Rs 1.80 crore, Sunrisers Hyderabad – Rs 5.30 crore.